Wednesday, September 24, 2008

Ky. columnist gets attention for financial coverage

On almost every issue, Don McNay disagrees with Republican U.S. Sen. Jim Bunning of Kentucky, but the Richmond, Ky.-based columnist doesn't let that stop him from commending the state's junior senator for positions they do agree on. He's getting noticed for it.

Yesterday, Dave Astor of Editor & Publisher highlighted McNay's column, which runs in The Richmond Register. Astor writes, "McNay ... makes some interesting points about how [Bunning] had better instincts about America's economic problems than many other politicians."

McNay, who makes his living counseling people with financial windfalls, says Bunning seems to be "in touch with how people really live and what they are really thinking" about the proposed Wall Street bailout. He also praises Bunning for opposing the former chairman of the Federal Reserve Board, Alan Greenspan, and the current chairman, Ben Bernanke, when it was unpopular to do so.

McNay compares the proposal to another Congressional decision that is widely considered disastrous. "The rush to spend $700 billion and reshape the world economic system also reminds of the rush up to the current war in Iraq," he writes. "We are being asked to make a hasty decision by officials whose data we can’t verify and who haven’t done that great of a job. There is a push to 'ignore the fine print' and get on with things." (Read more)

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